Company Fraud

Austin Mitchell: To ask the Secretary of State for Trade and Industry if he will provide a list in relation to those cases where all proceedings are complete regarding the (a) prosecutions and (b) successful prosecutions for insider trading since 1997.

Gerry Sutcliffe: The following is a list of individuals against whom prosecutions have been brought by the DTI for offences contrary to s52 Criminal Justice Act 1993 or s1 Criminal Law Act 1977 (insider dealing) have been instituted since 1997. Other prosecutions may have been brought by other prosecution agencies. Prosecutions have been considered successful" where a conviction has been recorded. Those that did not result in convictions may be due to the prosecution withdrawing those offences or not guilty verdicts being entered by the jury or at the judge's direction. Since 1997 proceedings have been brought against 15 individuals of which nine were successful".
	
		
			 Name of Defendant  
		
		
			 Laurence Henry Champion Convicted 
			 John Cahill Convicted 
			 Gerald Cahill Convicted 
			 Richard Philip King Convicted 
			 Stuart Axam Not Convicted 
			 Jonathan Richard Arthur Townsend Not Convicted 
			 Wayne Daw Convicted 
			 Christopher Williams Convicted 
			 Anthony Hadnutt Not Convicted 
			 Stephen Porter Convicted 
			 Gareth Wynne Davies Not Convicted 
			 Timothy Blackstone Convicted 
			 Stephen Ziff Not Convicted 
			 Stuart Neil Ronson Not Convicted 
			 Richard Steele Convicted